Business Environment — Important Questions
Madhya Pradesh Board · Class 12 · Business Studies
51 important questions from Business Environment for Madhya Pradesh Board Class 12 Business Studies, with answers. Written for the board exams 2027.
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Important Questions from Business Environment
Which of the following are characteristics of business environment?
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Dynamic nature, Uncertainty, Complexity, Inter-relatedness
Business environment is characterized by dynamic nature (keeps changing), uncertainty (difficult to predict), complexity (numerous interrelated forces), and inter-relatedness (different elements are connected). It is not static as it continuously evolves.
Which of the following are dimensions of business environment?
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Economic Environment, Social Environment, Technological Environment, Political Environment, Legal Environment
The five main dimensions of business environment are Economic, Social, Technological, Political, and Legal environments. There is no 'Personal Environment' as a recognized dimension.
The shift from typewriters to computer-based word processors is an example of which environmental force?
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Technological Environment
Technological environment includes scientific improvements and innovations that provide new ways of producing goods and services. The shift from typewriters to computers represents technological advancement.
Political stability in a country is important for business because it:
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Builds confidence among business people to invest in long-term projects
Political stability creates a predictable business environment, which builds confidence among investors and business people to make long-term investments for economic growth.
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